Woodland Mall went into foreclosure in July and is now working back to financial stability.

Michelle Barton, Field Coordinator at the Woodland Mall, said the courts have appointed Guggenheim, Inc. as the receiver of the mall.

According to their Web site, Guggenheim, Inc. is a commercial real estate group located in Beachwood, Ohio. As receiver, they are responsible for running the mall whilst the foreclosure is occurring. They have taken over management of the mall, receive all money and handle expenses.

‘They handle situations and decisions on a day-to-day basis,’ Barton said.

The BG News reported on July 28 that when the foreclosure was filed, about 25 percent of the mall was unoccupied and Barton said no new businesses have moved in since.

Senior Sean Lutzmann said he only uses the mall to see movies and sees no reason to start shopping there. He said he believes they need more diverse shops and more shops in general.

‘They have nothing that interests me, shop-wise,’ he said.

‘Newer stores would entice me a little more.’

Guggenheim is working to improve the shop selection. Barton said that business has picked up this semester and said that Guggenheim, Inc. is looking to add more businesses.

‘They are going after several tenants nationally and locally,’ Barton said.

Junior Tabatha Belknap has shopped at the mall in the past, but has not been back since August because of the lack of stores.

‘They don’t have popular stores,’ she said. ‘I think they should add more stores that people like.’

Guggenheim President Mike Guggenheim could not be reached for comment.